Social Sciences, asked by rohanraj90203, 1 year ago

What is demonetisation?

Answers

Answered by Bhoomicharu
12
Demonetization is the act of stripping a currency unit of its status as legal tender. ... Sometimes, a country completely replaces the old currency with new currency. The opposite of demonetization is remonetization, in which a form of payment is restored as legal tender.

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Answered by assingh
11
Demonetisation means discontinuing the use of a currency note.

It happened in India, Rs 500 and Rs 1000 not were demonetized.


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